Vail Resorts Inc (MTN)
Debt-to-capital ratio
| Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,721,600 | 2,700,260 | 2,721,600 | 2,732,040 | 2,750,680 | 2,773,750 | 2,789,830 | 2,769,700 | 2,670,300 | 2,687,490 | 2,695,590 | 2,704,580 | 2,736,180 | 2,739,980 | 2,768,020 | 2,387,860 | 2,387,120 | 2,365,370 | — | — |
| Total stockholders’ equity | US$ in thousands | 723,537 | 1,003,510 | 829,904 | 633,031 | 1,003,950 | 1,273,920 | 1,462,580 | 1,264,880 | 1,612,440 | 1,829,320 | 1,565,540 | 1,432,470 | 1,594,600 | 1,782,200 | 1,460,700 | 1,166,120 | 1,316,740 | 1,422,120 | 1,425,480 | 1,302,490 |
| Debt-to-capital ratio | 0.79 | 0.73 | 0.77 | 0.81 | 0.73 | 0.69 | 0.66 | 0.69 | 0.62 | 0.59 | 0.63 | 0.65 | 0.63 | 0.61 | 0.65 | 0.67 | 0.64 | 0.62 | 0.00 | 0.00 |
July 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,721,600K ÷ ($2,721,600K + $723,537K)
= 0.79
The debt-to-capital ratio of Vail Resorts Inc has shown some fluctuation over the past few years. The ratio has been consistently above 0.50, indicating a significant portion of the company's capital structure is funded by debt rather than equity.
In the most recent observation on July 31, 2024, the debt-to-capital ratio increased to 0.79 from the previous value of 0.73 on April 30, 2024. This suggests that the company has become more leveraged in terms of debt relative to its total capital during this period.
Looking back over the last five years, the trend in the debt-to-capital ratio has generally been increasing, reaching a peak of 0.81 on October 31, 2023. This may indicate Vail Resorts Inc has been using more debt to finance its operations and growth aspirations.
It is noteworthy that there are observations in the data where the debt-to-capital ratio was recorded as 0.00, specifically in the first two quarters of fiscal year 2020. This could be due to the company having a low debt level or a temporary reporting anomaly.
Overall, a high debt-to-capital ratio implies a higher risk for the company in meeting its debt obligations and interest payments. Investors and creditors may closely monitor this ratio to assess Vail Resorts Inc's financial health and risk exposure.
Peer comparison
Jul 31, 2024